Originally Posted by
Spanish eyes
Peel are not bankrupt or in administration, which would come first.
We aren’t talking about Peel the parent company worth Billions.
We are talking about Doncaster Airport a subsidiary limited company with Company Registration, Tax and Duns number reporting it’s own financials and as such absolutely could be declared bankrupt through trading illegally whilst being insolvent, or by defaulting on terms of covenants on loans, debt or tax quite independently of the parent company, indeed the parent could put the company into administration themselves as a creditor if they saw advantages to do so.
Right now the Duns ratings are so poor the can’t get credit at affordable rates in the open market and according to
https://www.yorkshirepost.co.uk/news...-books-3770708
They potentially can’t even provide adequate guarantees to secure up to £20m of emergency public money right now!
Again they are in a dire state and are effectively days from genuine bankruptcy as a business.
They desperately need a very wealthy benefactor in the next few days